Komesina o Leoleo ma Solitulafono mo Surrey – Fa'amaumauga Fa'ai'uga
Report Title: 2nd Quarter 2020/21 Financial Performance and Budget Virements
Numera fa'ai'uga: 52/2020
Tusitala ma Galuega Matafaioi: Kelvin Menon – Teutupe
Faailoga Puipuia: ALOAʻI
Aotelega a le Pulega:
The Financial Monitoring report for the 2nd Quarter of the financial year shows that Surrey Police Group is predicted to be £0.7m under budget by the end of March 2021 based on performance so far. This is based on an approved budget of £250m for the year. Capital is predicted to be £2.6m underspent depending on the timing of projects.
Financial Regulations state that all budget virements over £0.5m must be approved by the PCC. These are set out in Appendix D of the attached report.
tua
Now that we are half way through the financial year the indications are that the Surrey Police Group will remain within budget for the 2020/21 financial year and potentially have a small underspend. This is after absorbing £2.3m of non-reimbursed Covid costs. Although there are some areas that are overspent, such as overtime this is offset by underspends elsewhere in the budget.
Capital is predicted to be £2.6m underspent however it is likely that this will be larger as expenditure so far has been £3.5m against a budget of £17.0m. However rather than projects being cancelled they are more likely to slip in to the following year.
The budget virements requested are set out in Appendix D and mainly relate to the reanalysis of staffing costs within the budget
Fautuaga:
Faamaonia e le Komesina o Leoleo ma Soligatulafono
Ou te matauina le tulaga tau tupe e pei o le 330th September 2020 and approve the virements set out in Appendix 4 of the attached report.
Saini: David Munro
Aso: 17 Novema 2020
O fa'ai'uga uma e tatau ona fa'aopoopo i le tusi resitala o fa'ai'uga.
Vaega e iloiloina
faatalatalanoaga
leai se isi
Aafiaga tau tupe
These are set out in the paper (available on request)
faaletulafono
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lamatiaga
As it is early in the year there is a risk that the predicted financial outturn could change as the year progresses
Tulaga tutusa ma le eseese
leai se isi
Tulaga lamatia i aia tatau a tagata
leai se isi